Abstract
Transport enables trade between people, which is essential for the development of civilizations. Transport is a crucial necessity for specialization, allowing production and consumption of products to occur at different locations. High-speed rail (HSR) allows the flow of people between regions, cities, countries. With rapid global development in HSR technology for passenger transportation, it plays a vital role in transportation systems. The improvement of the quality of cities with different emphasis will bring different economic development results. Therefore, exploring the impact of high-speed railways and quality of place on economic development is necessary. This paper takes the prefecture-level city with a high-speed railway opened in 2008–2013 as the research sample and takes other prefecture-level cities in the country as the control group. The study findings revealed that employment, investment in fixed assets, average wage, and higher education institute significantly affect China’s regional economic growth. Institute of higher education reflects the negative effect on the regional economic growth whereas the employment, investment in fixed assets, and average wage rate positively impact it. Based on the results, it can be concluded that China’s regional economy is significantly affected by its quality.
Highlights
Transportation promotes trade between people, which is vital to the development of civilization
Using the statistical yearbook to collect relevant data, we found that the high-speed railway opening times and transit times at the prefecture-level city level were not available
The results indicated that the effect of employment, average wages (LNAW), and investment in fixed assets (LNINFA) are statistically positive and significant on the regional growth (p-value < 0.05)
Summary
Transportation promotes trade between people, which is vital to the development of civilization. Transportation improvements are often considered a precursor to economic growth. 35,000 km of the high-speed line ran across the whole world, and more than 2000 km line is to be added [1]. Since the late 1990s, China has been dedicated to building high-speed railways. The introduction of high-speed trains may be the most critical development in passenger transportation in China in the past few decades. The first high-speed rail system, Tokaidu Shinkansen, began operations in Japan in 1964 and is widely known as the bullet train. China’s high-speed rail (HSR) consists of a passenger-dedicated railway network, the most extended high-speed railway network globally, and the most widely used network
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